By Our Reporter Machhapuchchhre Bank Limited (MBL) has entered into loan agreement of USD 10 million with Mashreq Bank, Dubai amidst a signing ceremony held in presence of CEO of the Bank Suman Sharma and Chief Country Representative -- Mashreq Bank Ms. Hema Adhikari. As envisaged in monetary policy of 2019-2020, NRB has permitted commercial bank in the country to borrow loan in foreign currency up to 100% of Tier Capital from licensed pension funds, hedge funds and other financial institution in a bid to ease pressure on shrinking foreign currency reserves, to address liquidity crunch, increase credit in productive and priority sector as stipulated by NRB in its notice dated 2076/05/23. Enchasing the opportunity propelled by NRB, MBL initiation will ensure much needed capital for infrastructural including other priority sector to supplement the economic growth envisioned by Nepal government. Machhapuchchhre Bank is providing world class service all over the country l from its 145 branches, 2 extension counters and 138 branchless banking units. Bank has 187 ATM network spread all over the country. People’s News Monitoring Service